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AMP Capital Investors

PRI reporting framework 2019

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

AMP Capital has been a PRI signatory since April 2007 and is a regular participant at PRI in Person. In 2018, our ESG staff presented/attended at various PRI forums and events (including the PRI Australasia Network). AMP Capital is represented on the PRI Australasia Network Steering Committee; and has previously been represented on the PRI's Fixed Income Steering Committee and PRI Engagements Committee.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Participate in regular working group calls with ACGA to advance submissions and collaborative engagement initiatives. AMP Capital representatives have previously attended ACGA trips to engage policy makers and companies in Asian markets (e.g. Japan).  AMP Capital regularly hosts ACGA market briefings for Australian investor members in Sydney.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Regular collaboration with ACSI on ESG initiatives (including via the Financial Services Council) within the Australian marketplace as well as attendance at annual ACSI conference. 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

AMP Capital has been a signatory to CDP since 2002, which advocates for improved disclosure of carbon risk through company engagement. AMP Capital also participates in the annual CDP survey process as a subsidiary of AMP Limited.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

AMP Capital is a supporter and advocate of EITI through the AMP Capital Responsible Investment Leaders (RIL range of funds).

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

AMP Capital is a current investor member of both GRESB Real Estate and GRESB Infrastructure. AMP Capital is a co-founding member of GRESB Infrastructure, launched in 2016 to benchmark the ESG and sustainability performance of infrastructure assets worldwide.

AMP Capital is a co-founding member of the GRESB Infrastructure Advisory Board, providing investment industry knowledge on ESG and contributing to further improvement of the benchmarking process as well as actively involved in the development and outreach of the new benchmarking tool.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Regular participant in global and regional ICGN forums. Presented on ESG topics including diversity and have participated in organising committees for the ICGN's annual conferences. 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Founding member of IGCC, represented on Executive Committee, and Policy Committee. Directly involved in preparation of policy submissions to government. Actively involved in CA100+ as a lead investor engaging two large Australian companies.

          RIAA
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Strong advocate, active participant and supporter of RIAA in Australia and New Zealand including major sponsor of past events. Presented at RIAA's annual conferences in Auckland.

          Property Council of Australia
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Represented at the committee. Initiated collaboration, and contributed to the organisation or content of events.

          Tobacco Free Finance Pledge
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The Tobacco-Free Finance Pledge is an initiative of Tobacco Free Portfolios and developed in collaboration with UNEP FI, PRI, PSI AXA, BNP Paribas, Natixis and AMP Capital.

https://www.unepfi.org/psi/tobacco-free-finance/

The objectives of the Tobacco-Free Finance Pledge are to:

  • Highlight the leadership of financial institutions that have implemented tobacco-free finance policies and encourage others to follow suit.
  • Encourage the finance sector to play an active role in addressing global priorities, as outlined in the United Nations’ Sustainable Development Goals, including SDG 3 Health and Well-Being and SDG 17 Partnerships for the Goals, in addition to the World Health Organization Framework Convention on Tobacco Control.
  • Raise awareness among financial institutions of the essential role the finance sector must play to assist effective tobacco control and to ensure a tobacco-free world.
  • De-normalise financial and corporate associations with tobacco companies.
  • Encourage financial institutions to reflect on and reconsider their business relationships with the tobacco industry in light of the global tobacco epidemic.
  • Encourage the transition towards tobacco-free finance policies.
  • Prioritise tobacco on the corporate agenda as a product and industry distinct from any other with no safe level of use and no opportunity for effective engagement.

Further details https://www.ampcapital.com/au/en/media/articles/2018/September/amp-capital-divests-from-tobacco-securities-worth-a-440-million

          Financial Services Council - ESG Working Group
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Member of the FSC ESG working group.  Active involvement in developing FSC standards, content and policy submissions to government and industry stakeholders.


SG 09.2. Assets managed by PRI signatories

Indicate approximately what percentage (+/- 5%) of your externally managed assets under management are managed by PRI signatories.

80 %

SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Advised clients and strategic partners on development of ESG policies and frameworks and ethical exclusions.
        

Frequency of contribution

Description

          Supported Tobacco Free Portfolios initiative globally and including through the AMP Foundation.
        

Frequency of contribution

Description

          FSC ESG Working Group - promote industry standards on ESG reporting and stewardship
        

Frequency of contribution

Description

          Various RIAA, AICD, GRESB, Sustainable Finance Forums etc.
        

Frequency of contribution

Description

          ESG insights - www.ampcapital.com.au/esg
        

Frequency of contribution

Description

          via outreach to AMP Capital's strategic partners in China and Japan
        

Frequency of contribution

Description

          AMP Capital's ESG specialists regularly contribute to media articles.
        

Frequency of contribution

Description

          PRI Australasia Network, PRI Japan Network
        

Frequency of contribution

Description

          GRESB Infrastructure Advisory Board, IGCC (Dep Chair, Exec Committee)
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

AMP Capital engages openly with clients on our ESG and Responsible Investment philosophy, as well as sharing our ESG approach with our clients, business partners and other industry stakeholders.

We also undertake our own proprietary research on ESG issues, and publish much of it through our corporate governance reports and ESG insights (see www.ampcapital.com/esg). 

AMP Capital's ESG professionals also spoke at conferences and events in Australia, New Zealand, United Kingdom, USA, Singapore and Japan on a broad range of ESG topics including ESG integration, company engagement, executive remuneration, human rights and supply-chains and ESG integration in fixed income.

An extensive number of AMP Capital's ESG related articles and thought leadership were also reported through investment management journals and the mainstream media.


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

If yes

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

provide URL
provide URL

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

Most of AMP Capital's dialogue with policy-makers continues to focus on climate change policy and its implications for investments, particularly through the Investor Group on Climate Change. AMP Capital is a member of the IGCC policy committee and therefore directly contributes to written statements and policy positions of the IGCC. These statements are available on the IGCC website www.igcc.org.au.

 


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